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UPSC 2022: In India, which one of the following is responsible for maintaining price stability by controlling inflation?
(a)Department of Consumer Affairs
(b)Expenditure Management Commission
(c)Financial Stability and Development Council
(d)Reserve Bank of India
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Not attemptedCorrect Answer: (d) Reserve Bank of India
Under the amended RBI Act, 1934 and the Monetary Policy Framework Agreement (2016), the Reserve Bank of India—through its Monetary Policy Committee—has the statutory mandate to maintain price stability by targeting CPI inflation, making it the institution responsible for controlling inflation in India. ([chahalacademy.com](https://chahalacademy.com/the-hindu-editorial-analysis/14-feb-2026/2327?utm_source=openai))
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What is the correct answer to this UPSC 2022 Indian Economy question?▼
The correct answer is option (d): Reserve Bank of India. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this Monetary Policy & Money Supply question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2022, GS Paper 1, as Question 68. It falls under Indian Economy > Monetary Policy & Money Supply.
What is the difficulty level of this UPSC question?▼
This question is rated "easy". It tests basic recall and most well-prepared aspirants should answer it correctly.
How many UPSC Prelims questions have been asked from Monetary Policy & Money Supply?▼
UPSC has asked 27 questions from Monetary Policy & Money Supply (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.